Google owns the Internet advertising business, generates gobs of cash and can keep competitors at bay simply by opening its checkbook.
None of this seems to impress Wall Street. Analysts expect the Web giant to post another quarter of go-go growth on Thursday afternoon: They are looking for the company to reports earnings per share of $3.27, up 42% from a year ago, and revenues of $2.5 billion, up 63%. And yet investors now treat the company as if it is stalling: After a breathtaking run, the company’s share price has been bouncing between $450 and $500 all year.
So, what’s a poor Internet advertising behemoth supposed to do to impress investors?